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Flathead County Land Market Update - July 2018

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Local <strong>Market</strong> <strong>Update</strong> | <strong>July</strong> <strong>2018</strong><br />

<strong>Flathead</strong><br />

<strong>County</strong><br />

<strong>Land</strong><br />

-9% +11% +1%<br />

Change in<br />

New Listings<br />

Change in<br />

Closed Sales<br />

Change in<br />

Average Sales<br />

Price<br />

<strong>July</strong><br />

Year to Date<br />

2017 <strong>2018</strong> +/- 2017 <strong>2018</strong> +/-<br />

New Listings 176 160 -9% 1,030 961 -7%<br />

Closed Sales 70 78 +11% 354 429 +21%<br />

Median Sales Price $107K $100K -7% $89K $100K +12%<br />

Average Sales Price $137K $139K +1% $140K $160K +14%<br />

Avg. % of Original List Price Received 94% 90% -4% 93% 93% 0%<br />

Average Days on <strong>Market</strong> Until Sale 402 428 +6% 365 452 +24%<br />

New Listings<br />

2017 <strong>2018</strong><br />

Closed Sales<br />

2017 <strong>2018</strong><br />

250<br />

100<br />

200<br />

80<br />

150<br />

60<br />

100<br />

40<br />

50<br />

20<br />

0<br />

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec<br />

0<br />

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec<br />

Average Sales Price<br />

Average Days on <strong>Market</strong><br />

2017 <strong>2018</strong><br />

2017 <strong>2018</strong><br />

$200,000<br />

600<br />

$150,000<br />

500<br />

400<br />

$100,000<br />

300<br />

$50,000<br />

200<br />

100<br />

$0<br />

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec<br />

0<br />

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec<br />

Based on information from the Missoula <strong>County</strong> Association of REALTORS®, Inc. for the period of 01/01/2017 through 07/31/<strong>2018</strong>.

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